{ "dataset": "Insurers Global — Insurance Companies Directory (Africa, Europe, Asia-Pacific, South America and North America)", "version": "2026-09-08+af188cb54143", "verified": "2026-09-08", "licence": "CC BY 4.0 — attribute KAFS North America (Kenbright Actuarial and Financial Services North America), https://insurers.global", "data": { "slug": "north-korea", "name": "North Korea", "workbookName": "North Korea", "continent": "asia-pacific", "iso2": "KP", "iso3": "PRK", "isoNum": "408", "composite": null, "region": "east-asia", "regulator": { "name": "Central insurance guidance institution (no independent supervisor)", "acronym": "Central insurance guidance institution (no independent supervisor)", "website": null, "regime": "Insurance Law of the DPRK (1995, amended 2015); operating permits from the central insurance guidance institution; state-directed market", "registerSource": "US Treasury press release jl0677, 2 Dec 2016 (https://home.treasury.gov/news/press-releases/jl0677); OpenSanctions entity page for KNIC (https://www.opensanctions.org/entities/NK-ZVAffn8ced83sWQMcTguHB/); Korea Times \"NK sets up reinsurance firm\" (Jan 2019, citing Naenara) (https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html); Insurance Business Asia \"North Korea launches three general insurers\" (19 Feb 2019, citing Yonhap and the Korea Institute of Finance); all retrieved 2026-09-26. No official register exists; no count stated." }, "currency": "KPW", "currencies": [ { "code": "KPW", "name": "North Korean won", "symbol": "₩", "decimalDigits": 2, "countries": [ "north-korea" ], "usdRate": null, "usdRateYear": null, "rateSource": null, "rateLicence": null, "rateSeen": null } ], "total": 4, "byClass": { "composite": 1, "general-non-life": 2, "reinsurer": 1 }, "byGroupType": { "state-owned-parastatal": 4 }, "verification": { "level": "partial", "basis": "register", "status": "Partially verified - insurers named in sanctions designations (US Treasury, UN Security Council) and in press reports of DPRK state-portal listings", "source": "US Treasury press release jl0677, 2 Dec 2016 (https://home.treasury.gov/news/press-releases/jl0677); OpenSanctions entity page for KNIC (https://www.opensanctions.org/entities/NK-ZVAffn8ced83sWQMcTguHB/); Korea Times \"NK sets up reinsurance firm\" (Jan 2019, citing Naenara) (https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html); Insurance Business Asia \"North Korea launches three general insurers\" (19 Feb 2019, citing Yonhap and the Korea Institute of Finance); all retrieved 2026-09-26. No official register exists; no count stated.", "corrections": "Four insurers are named by credible sources: KNIC (state insurer since 1947) plus three companies set up in 2016-2017 to serve foreign investors in the special economic zones. Names are romanised differently across sources (Pukguksong = Polestar; Mirae = Future Re). Rainbow Intermediaries (Pyongyang, est. 2015) is a broker and is excluded. There is no public register, so these may not be all of them. A 2020 NK News piece says four DPRK insurers opened Naenara websites, which fits the four here. Ownership of the three newer companies is not stated by any source; SO is presumed because the DPRK economy is state-owned." }, "marketNotes": [], "url": "https://insurers.global/countries/north-korea/", "api": "https://insurers.global/api/v1/countries/north-korea.json", "insurersApi": "https://insurers.global/api/v1/countries/north-korea/insurers.json", "insurersPagesApi": "https://insurers.global/api/v1/countries/north-korea/insurers/pages/1.json", "insurers": [ { "slug": "north-korea-korea-national-insurance-corporation", "name": "Korea National Insurance Corporation", "country": "north-korea", "class": "composite", "classCode": "C", "group": "Government of North Korea", "groupSlug": null, "groupPlaceholder": false, "groupType": "state-owned-parastatal", "verification": "partial", "sourceBasis": "US Treasury press release jl0677 (2 Dec 2016), https://home.treasury.gov/news/press-releases/jl0677; OpenSanctions, https://www.opensanctions.org/entities/NK-ZVAffn8ced83sWQMcTguHB/; both retrieved 2026-09-26", "classBasis": null, "groupBasis": null, "lei": null, "nationalId": null, "notes": "Also Choson Minjok Pohom Chongguk / Korean National Insurance Company (KNIC); aliases incl. Korea Foreign Insurance Company. State insurer founded 1947 (life and non-life, plus reinsurance placed abroad). SANCTIONED: OFAC-designated 2 Dec 2016 (linked to Office 39); UN Security Council listing KPe.048 under resolution 2371 (5 Aug 2017), implemented by the EU and UK in 2017; the EU had also sanctioned KNIC and its London branch autonomously in 2015-2016. Composite class assumed; lines not published.", "url": "https://insurers.global/insurers/north-korea-korea-national-insurance-corporation/" }, { "slug": "north-korea-pukguksong-insurance-company", "name": "Pukguksong Insurance Company", "country": "north-korea", "class": "general-non-life", "classCode": "G", "group": "Parent not named in register", "groupSlug": null, "groupPlaceholder": true, "groupType": "state-owned-parastatal", "verification": "partial", "sourceBasis": "Insurance Business Asia, \"North Korea launches three general insurers\" (19 Feb 2019), https://www.insurancebusinessmag.com/asia/news/breaking-news/north-korea-launches-three-general-insurers-159130.aspx; Korea Times, \"NK sets up reinsurance firm\" (Jan 2019), https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html; retrieved 2026-09-26", "classBasis": null, "groupBasis": null, "lei": null, "nationalId": null, "notes": "Also Polestar Insurance Company. Non-life insurer (fire, technology/engineering, agriculture), established August 2016 per Naenara as reported by Korea Times. State ownership presumed, not stated. Not individually sanctions-listed as far as checked.", "url": "https://insurers.global/insurers/north-korea-pukguksong-insurance-company/" }, { "slug": "north-korea-samhae-insurance-company", "name": "Samhae Insurance Company", "country": "north-korea", "class": "general-non-life", "classCode": "G", "group": "Parent not named in register", "groupSlug": null, "groupPlaceholder": true, "groupType": "state-owned-parastatal", "verification": "partial", "sourceBasis": "Insurance Business Asia, \"North Korea launches three general insurers\" (19 Feb 2019), https://www.insurancebusinessmag.com/asia/news/breaking-news/north-korea-launches-three-general-insurers-159130.aspx; Korea Times, \"NK sets up reinsurance firm\" (Jan 2019), https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html; retrieved 2026-09-26", "classBasis": null, "groupBasis": null, "lei": null, "nationalId": null, "notes": "Marine, maritime cargo and aviation insurer, established October 2016 per Naenara as reported by Korea Times. State ownership presumed, not stated.", "url": "https://insurers.global/insurers/north-korea-samhae-insurance-company/" }, { "slug": "north-korea-mirae-reinsurance-company", "name": "Mirae Reinsurance Company", "country": "north-korea", "class": "reinsurer", "classCode": "R", "group": "Parent not named in register", "groupSlug": null, "groupPlaceholder": true, "groupType": "state-owned-parastatal", "verification": "partial", "sourceBasis": "Korea Times, \"NK sets up reinsurance firm\" (Jan 2019), https://www.koreatimes.co.kr/www/biz/2019/01/488_261417.html; Insurance Business Asia, \"North Korea launches three general insurers\" (19 Feb 2019); retrieved 2026-09-26", "classBasis": null, "groupBasis": null, "lei": null, "nationalId": null, "notes": "Also Future Re Company. Described as the DPRK's first and only reinsurer, established October 2017 per Naenara. State ownership presumed, not stated.", "url": "https://insurers.global/insurers/north-korea-mirae-reinsurance-company/" } ] } }